Consult Your CFO Blog

Deciding on a New Accounting System

Consult Your CFO — Thu, 01 Jul 2010 00:00:00 ET

So often companies are forced into investing in a new accounting system because the current one does not work to their expectations, but the real reason for the problem is the poor design from the beginning.

The Importance of Reviewing Internal Controls

Consult Your CFO — Thu, 27 May 2010 00:00:00 ET

Ex-CFO at Md. Legal Aid charged in $1.1M scheme

Independent Contractor or Employee

Consult Your CFO — Sat, 01 May 2010 00:00:00 ET

States are hiring new investigators in order to assess more small and medium sized company’s classification of independent contractors.

Creating an Accounting Policies and Procedures Manual

Consult Your CFO — Thu, 01 Apr 2010 00:00:00 ET

An accounting manual is an important tool that all companies should create and maintain.

Documenting Company Processes

Consult Your CFO — Mon, 01 Mar 2010 00:00:00 ET

There are 6 reasons to document company processes.

Measuring a Company�s Stability and Success

Consult Your CFO — Mon, 01 Feb 2010 00:00:00 ET

By monitoring your company’s kpis over a period of time, management can determine problem areas.

The 10 Key Financial Reports Every Company Should Use

Consult Your CFO — Fri, 01 Jan 2010 00:00:00 ET

There are thousands of financial reports that your company can write and use, but the following 10 key reports are a must to run your company successfully.

New IRS Mileage Rate went into effect

Consult Your CFO — Fri, 01 Jan 2010 00:00:00 ET

New IRS Mileage Rate went into effect on January 1, 2010.

Cash Flow Management Techniques

Consult Your CFO — Tue, 15 Dec 2009 00:00:00 ET

The old mantra that Cash is King is even more important in today’s economy than ever before.

Designing a Chart of Account (COA) Structure

Consult Your CFO — Tue, 01 Dec 2009 00:00:00 ET

There are 3 fundamental rules that need to be followed when designing a new chart of accounts.

Preparing for an Audit or Review

Consult Your CFO — Sun, 15 Nov 2009 00:00:00 ET

The audit/review annual report is a report card on how well your company’s financial department is performing.

The Future Unemployment Insurance Effect on Employers Due to the Recession

Consult Your CFO — Thu, 05 Nov 2009 00:00:00 ET

Like many states, Maryland’s Unemployment Insurance Trust Fund, cannot sustain the current outflow and must adjust the unemployment insurance rates higher to compensate.

The Importance of Maintaining a Clean Financial Report

Consult Your CFO — Sun, 01 Nov 2009 00:00:00 ET

Depending on whether your company has to go through an Audit, Review or Compilation at the end of the fiscal year it is important that management has the financials prepared accurately and according to GAAP (Generally Accepted Accounting Principles).

Designing, Preparing, Executing and Evaluating the Corporate Budget

Consult Your CFO — Thu, 15 Oct 2009 00:00:00 ET

Whether you are starting out in your career, determining your retirement goals or managing a business, your future success or failure is based on how well you design, prepare, execute and evaluate your strategic plan and budget.

Key Factors in Starting a New Business

Consult Your CFO — Thu, 01 Oct 2009 00:00:00 ET

Entrepreneurs have a vision for a new business, but usually lack one or all of 4 key factors to make it successful.

Managing Corporate Costs in these Tough Economic Times

Consult Your CFO — Fri, 18 Sep 2009 00:00:00 ET

Over the past 6 months we have helped a number of our clients in the following areas: operating cost reduction and process improvement. If you have not done so already, this is the window of time to get your company's house in order, so when the economy turns your company net profits will be increased.